Defined Contribution Plans as a Foundationfor Retirement Security
| Autor: | Scott J. Weisbenner, Jeffrey R. Brown |
|---|---|
| Rok vydání: | 2014 |
| Předmět: |
Organizational Behavior and Human Resource Management
Government Actuarial science Public economics business.industry media_common.quotation_subject Foundation (evidence) Plan (drawing) Community work Promotion (rank) Workforce Economics Geriatrics and Gerontology Life-span and Life-course Studies business Finance Risk management media_common |
| Zdroj: | The Journal of Retirement. 1:22-45 |
| ISSN: | 2326-6902 2326-6899 |
| DOI: | 10.3905/jor.2014.1.4.022 |
| Popis: | This article discusses why employer-sponsored defined-contribution (DC) plans and individual retirement accounts (IRAs) are such an important part of the U.S. retirement system. The authors discuss the numerous positive strides taken by plan sponsors to increase participation, provide more diversified portfolios, and offer immediate eligibility to a mobile workforce. They argue that the DC system provides a strong foundation upon which to continue to strengthen the U.S. retirement system and is preferable to alternative proposals that seek to wholly or partially supplant the employer’s role with expanded government provision of retirement benefits. The authors recommend that policymakers and the employer community work together to build on the substantial progress already made regarding coverage, participation, and contributions as well as in the promotion of guaranteed retirement income and other retirement risk management practices. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
|